I hereby cancel all of my orders and request a refund in the amount shown above, but to be paid in Bitcoin at the exchange rate quoted by Bitstamp on the day HashFast provides such Bitcoins.
Say goodbye to full BTC refunds. |
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I wish KNC would just keep selling batches of Jupiters, put the nail in the coffin of all these scam hardware companies!
With BFL's aggressive new pricing i expect something from KNC in the next few days!
Far from aggressive. The *only* manufacturer shipping at a reasonable price right now is BitMain. It would be good if KNC would get back in production to provide some competition. |
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The fact you are threatening and actually continuing to knowingly push a false accusation until your demands are met demonstrates you aren't making the self-mining charge in good faith.
That sir, is called extortion.
Please consider deleting your false and defamatory thread accusing HashFast of mining for themselves using their customer's hardware.
Thank you,
HashFast Community Liaison
Oh, someone's getting quite defensive. There must be some truth to the accusations. |
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im sure if hashfast has a workign miner that is using 450w instead of 350w it wont be a deal breaker for anyone that has been waiting on the Oct delivery of units  they will just be glad they got something..... At 350w, 4 units fit on a 15 amp circuit. At 450w, only 3 units fit on the same circuit. It is quite possible that increased power requirements would affect people. |
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That's impressive. Shipped at the worst possible day. Too late to earn ROI, too early for refunds. |
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Hey... Bick has another 12 hours at least before he has to produce his product that he promised would be delivered in December! Give him the benefit of the doubt, I mean he's delivered befo... oh wait... no he hasn't. His last two projects were failures as well. Oops!
Are you referring to BFL's Monarch? http://www.butterflylabs.com/monarch/November / December Initial Shipping
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C'mon, admit it! Half of you are just looking for excuses to complain. When they started offering %25 off a few weeks ago, and everyone else started competing with their prices, they were bound to lower them sooner or later.  All we're asking for is that their product specs and shipping dates be somewhat accurate. As it is now, BFL's specs and dates are pure lies. |
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$984 for the 50GH/s is a reasonable price.
Nah, that's double the price of a Bitmain miner. |
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Shit yeah, I'm gonna order 20 monarchs at that price. They say they are on track for shipping by the end of the year!
"feel our timeline to begin shipments towards the end of the year is solid"
Yeah baby! Guaranteed shipping today or tomorrow! WIN! |
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Ok, let me try it this way:
supply is cut in half and there is a growing demand for it, so price would go up??? basic economics, no other voodoo.
Then consider the true supply. All miners throughout the entire world generate about 100k coins per month. Trading volume on all exchanges is about 100 times that. The drop from 25 coins to 12.5 coins will be a non-event. |
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After the New Year, we're going to have a full-time dedicated shipping & receiving person in the warehouse and I am here to ensure that we make sure there is less of a communications gap with everyone.
Don't bother. At the current prices, there's no use buying these. |
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Feburary News: We missed our power target again.....................600GH will consume 1150 watts  April News: PCB redesign nearing completion. Shipping begins in two weeks. |
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Yes, withdrawals can be made to Paypal, that's the best part of it.
The catch is the KYC requirements: http://www.etoro.com/en/customer-service/withdraw-faq/What documents are required for first time withdrawals?
Withdrawal requests must be accompanied by:
Clear color copy of your Passport including your written signature
Clear copy of recent Utility Bill (any bill that is not older than 3 months and comes to your name and address of residence e.g. water bill, electric, gas, telephone etc…) or Bank Statement
In addition if you have deposited by credit card/s: Clear color copy of both sides of the Credit Cards you have used to fund your trading account (the middle 8 digits from the front and the CVV number from the back can be masked)
Trading fees are excessive: http://www.etoro.com/en/customer-service/fees/BitCoin fees
Fee of a fixed 1% of the execution price or a minimum of 1 cent per transaction.
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All-in scares me. I prefer a balanced 50/50 approach. I invest in equal quantities of USD and BTC.
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What has that got to do with what I said. I'm talking about market depth. The size of all the bids in a market is not relevant when calculating the market cap, and the market cap of any stock can't be obtained by simply selling into the market...its never deep enough. All the bids willl never add up to the market cap.
In any event a buy-out doesn't cost the market cap, it would only cost just over 50% at most.
My point is stock companies can be bought. All shares may not be present on an exchange, but they are available for purchase. Therefore, calculating their market cap (# of shares * price) makes sense. Calculating bitcoin's market cap as "# of shares * price" is inaccurate because it is literally impossible to buy all of bitcoin. So many of the mined bitcoins simply are not available for purchase, at any price. They may as well not exist. Don't use them to calculate a "market cap". All we can really work with is market depth. By looking at market depth, we can see that it would not take a very large investment to make bitcoin's price skyrocket to the moon. |
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No market is ever deep enough to allow the liquidation of a stock to the value of the market cap.
No, public companies are purchased all the time, typically for a price not much more than their market cap. For example, Dell was public for 25 years, before it was bought out just a couple months ago. http://en.wikipedia.org/wiki/Dell#2013_buyoutBitcoin cannot be liquidated by a leveraged buyout. Bitcoin is not a stock. |
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Antminer this antminer that.
Can someone post a fucking link where to buy that antminer ?
Preferably no group buy or other BS just plain old add to cart and ship to my place.
Only place to get the ants is sushi's groupbuys: https://bitcointalk.org/index.php?topic=383486.0. |
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This means, the market cap for $20 dollar bitcoins to increase to $40 dollars would have a market cap increase of $243 million.
For bitcoins to increase from $1000 to $2000, you would have to increase market cap a whopping $12 billion dollars.
...
Please correct me if I am wrong here, or please let me know if I have a point here.
Stop thinking of "market cap" as the total number of bitcoins times the current price. Bitcoin isn't a stock. Take MtGox for instance. It would only take a purchase of about $20 million to take the price to $2000. That's a far smaller number than $12 billion! |
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